General Investing >> Money Manager Interviews >> March 19, 2012
Tactical Allocation Critical During Slow U.S. Economic Recovery – Michael Yoshikami – Destination Wealth Management
Michael Yoshikami, Ph.D., CFP, is CEO and Founder of Destination Wealth Management — DWM — and Chairman of DWM’s Portfolio Strategy Committee. Founded in 1986, DWM is a San Francisco Bay Area-based independent money management firm that provides fee-based wealth management services to institutional and individual investors. The firm works with clients around the world. Mr. Yoshikami was named by Barron’s as one of the Top 100 Independent Financial Advisers for six years in a row from 2009 to 2014. Mr. Yoshikami has over 30 years experience in the investment management and financial planning field. He oversees all investment and research activities of the firm, and is actively engaged on a daily basis in the firm’s securities analysis activities and determines the macro tactical asset allocation weightings for client portfolios. He works with Destination’s investment team in integrating behavioral investing strategies with the firm’s core fundamental perspective. Mr. Yoshikami is a CNBC contributor, and provides investment commentary for CNBC U.S., CNBC Europe and CNBC Asia. Programs he appears on include CNBC’s “Closing Bell,” “Squawk on the Street” and additional CNBC shows. He also provides commentary to Reuters, Dow Jones, The Wall Street Journal and other international publications. Mr. Yoshikami also writes regularly for CNBC.com and publishes a “Common Sense” report that looks at the macroenvironment and the impact on asset allocation. Mr. Yoshikami holds a Ph.D. in education and has earned the certified financial planner — CFP — designation. Profile
TWST: Please tell us about Destination Wealth Management. Why did you choose the name?
Dr. Yoshikami: Destination Wealth Management is an advisory firm that provides financial advice combined with